Cause for Concern? “Vacancies create a downward spiral for neighborhood housing markets that is difficult to correct, even with large infusions of public.

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Presentation transcript:

Cause for Concern? “Vacancies create a downward spiral for neighborhood housing markets that is difficult to correct, even with large infusions of public dollars (Community Research Partners and Rebuild Ohio, 2008).” “[Foreclosure] filings grew by double-digit rates in 68 of Ohio's 88 counties in 2006, and statewide, they have nearly quintupled since 1995 (Policy Matters Ohio, 2007).”

Cuyahoga County Foreclosure Filings (since 2000)

Median Sales Price, Single Family Homes (since 1976)

Cuyahoga County Foreclosure Filings (since 2000)

Residential Foreclosure Filings, Cuyahoga County

Median Sales Price, Single Family Homes (since 1976)

Cuyahoga County Sheriff Sales Single Family Homes

Directly Impacted Sales, Single Family Homes in Cuyahoga County

Median Sales Prices, Single Family Homes in Cuyahoga County